Proficio Capital Partners LLC Purchases New Position in Taylor Morrison Home Co. (NYSE:TMHC)

Proficio Capital Partners LLC purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, Holdings Channel reports. The fund purchased 73,330 shares of the construction company’s stock, valued at approximately $4,489,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH grew its position in Taylor Morrison Home by 9.1% in the 4th quarter. Allianz Asset Management GmbH now owns 578,746 shares of the construction company’s stock worth $35,425,000 after purchasing an additional 48,358 shares during the period. Global Retirement Partners LLC grew its position in Taylor Morrison Home by 89.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,066 shares of the construction company’s stock worth $126,000 after purchasing an additional 978 shares during the period. New York State Common Retirement Fund grew its position in Taylor Morrison Home by 2.5% in the 4th quarter. New York State Common Retirement Fund now owns 142,719 shares of the construction company’s stock worth $8,736,000 after purchasing an additional 3,472 shares during the period. CIBC Asset Management Inc grew its position in Taylor Morrison Home by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock worth $202,000 after purchasing an additional 173 shares during the period. Finally, Sanctuary Advisors LLC grew its position in Taylor Morrison Home by 3.3% in the 4th quarter. Sanctuary Advisors LLC now owns 15,971 shares of the construction company’s stock worth $1,063,000 after purchasing an additional 507 shares during the period. Institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus target price of $82.43.

Taylor Morrison Home Trading Down 0.3 %

NYSE:TMHC opened at $60.29 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 7.28 and a beta of 2.03. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49. The business has a fifty day moving average price of $62.93 and a 200-day moving average price of $66.36.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Buying and Selling

In related news, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is currently owned by insiders.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.